Definition
The amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time period.
Related Personal Finance terms
Budget
An estimate of income and expenditure for a set period of time. A foundational t…
Emergency Fund
Money set aside to cover unexpected financial emergencies, typically 3-6 months'…
Credit Score
A number between 300-850 that depicts a consumer's creditworthiness. The higher …
Compound Interest
Interest calculated on the initial principal, which also includes all of the acc…
Net Worth
The value of the assets a person or corporation owns, minus the liabilities they…
Asset
A resource with economic value that an individual, corporation, or country owns …
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Browse 350+ finance, crypto, and fintech terms across 12 categories in the Digital.Finance glossary.